Gold prices in Chennai remained elevated on Tuesday, with rates for different purity levels showing an upward trend compared to recent days, reflecting sustained demand and broader market movements.According to the latest price updates, 24-carat gold, considered the purest form of the metal, is trading around ₹14,697 per gram (₹1,46,970 per 10 grams) in the city. This marks a slight gain from the previous day’s closing price, showing a steady upswing in the local bullion market. 22-carat gold, which is widely used for jewellery, is priced at around ₹13,472 per gram (₹1,34,722.50 per 10 grams), while 18-carat gold is valued at approximately ₹11,022 per gram (₹1,10,227.50 per 10 grams).
Prices have been on an overall rise in Chennai over the past week, with daily movements reflecting incremental gains. Jewel buyers and investors are seeing gold hover near multi-year highs, influenced by both local demand and global price trends. Analysts say that seasonal buying and safe-haven interest in gold continue to support prices in major markets, including Chennai.
Compared with other major cities, Chennai’s gold rates remain competitive, with subtle variations driven by regional demand and supply factors. The bullion rate typically serves as a benchmark for making jewellery purchases or investment decisions, and prospective buyers are advised to check with local jewellers for final rates, which may include making charges, taxes, and other levies.